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According to first quarter 2012 financials posted on the NCUA’s website, the $715 million Arrowhead Central CU has safely returned back into well capitalized territory and reported a $7 million net income.

Arrowhead, which bottomed out at just 3% net worth in June 2010 after NCUA officials seized the credit union June 25, 2010, reported 7.69% net worth as of March 31, 2012. Loan quality improved to 4.57% in the first quarter–still well above the fourth quarter 2011 peer average of 2.5%–but, a significant improvement from a high of 10.79% in third quarter 2009.

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